Clifton Mining Company Inc. (OTC : CFTN)

Update To Shareholders

ALPINE, UT, April 3, 2012 /PRNewswire/ - Clifton Mining Company would like to
update its shareholders on several items. First, the Company's audited
financial statements for 2011, are completed and have been posted on
the Company's website: www.CliftonMining.com. Second, the Company has received a distribution from American Silver,
LLC totaling $198,250. This distribution, along with prior distribution
received from American Silver, contribute very significantly to
covering the Company's overhead. American Silver also recently
announced that its new wholly owned subsidiary ABL Medical, LLC, has
just started the soft launch of the new prescription wound dressing
product. The actual launch will start in the third quarter of 2012.
ABL Medical has also obtained the codes necessary so that hospitals
(and elderly care centers, etc.) can receive reimbursement for the
purchase of this product under government contracts. This new product
is able to go directly into major medical arenas where it can make many
direct claims, on both conditions and pathogens.

On the mining side, we have received several queries from shareholders.
One concerns the microwave patent for enhancing metals extraction from
ores. That patent has been assigned solely to Clifton Mining Company.
A second concerns the five percent (5%) net smelter return [NSR] to
Clifton from precious metals production at Kiewit. Dumont Nickel,
Clifton's previous partner, had spent more than $5 million on that
project, entitling Dumont to a fifty percent (50%) interest in that
project. That interest had to be repurchased from Dumont, and Desert
Hawk Gold Corp. provided the majority of the funds to buy out the
interest, avoiding a costly dilution to Clifton. In return, Clifton
reduced its NSR on the precious metals from that one deposit to five
percent (5%). We would note that according to industry standards, this
is still a good NSR. The remaining property, including the Clifton
shear veins, are at a fifteen percent (15%) NSR based on current metals
prices.

Clifton trades on the U.S. OTC: (CFTN).

Note: Any statements released by Clifton Mining Company that are forward
looking are made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. Editors and investors are
cautioned that forward looking statements invoke risk and uncertainties
that may affect the company's business prospects and performance.